Filing Details

Accession Number:
0001179110-20-004805
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-04-08 17:46:39
Reporting Period:
2020-03-17
Accepted Time:
2020-04-08 17:46:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1361538 Primoris Services Corp PRIM Water, Sewer, Pipeline, Comm & Power Line Construction (1623) 204743916
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1704011 Edward Thomas Mccormick C/O Primoris Services Corporation
2300 North Field Street, Suite 1900
Dallas TX 75201
Ceo & President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-03-17 2,150 $11.49 68,128 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 11,349 11,349 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
11,349 11,349 Direct
Footnotes
  1. Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion.
  2. The restricted stock units vest ratably over three years from the date of grant.
  3. On March 13, 2020, the reporting person acquired 2,150 shares of PRIM Common Stock, as reported on a Form 4 filed on March 16, 2020. That transaction was matchable under Section 16(b) of the Securities Exchange Act of 1934 with the reporting person's sale of PRIM Common Stock on December 17, 2019. The reporting person's broker reversed the March 13, 2020 transaction by the sale reported herein, and the reporting person has paid to PRIM $24,904.84, representing the full amount of the profit realized in connection with the short-swing transaction (as calculated under Section 16 standards). The average sale price for the December 17, 2019 transaction was erroneously reported in the reporting person's January 3, 2020 Form 4 as $23.13 per share due to a broker reporting error; it was $23.09 per share, with multiple transactions at prices ranging from $23.0676 to $23.1001 per share, inclusive.